2 Problems:
that series connected MC-E (it is series, right?) will need a bit of speed to light up.
Three led in series is perfect with Dynamo, 4 could be a tiny bit too much.
heatsinking is NEEDED!!!!
If that housing You use is from metal, then mount the Star onto it with thermal paste, then fix with screws or epoxy glue around the star.
That way the housing acts as heatsink and You save weight and size of a (totally useless) sink inside the housing.
If from plastic, mount the star onto a 2-at-least mm thick sheet of aluminium, as wide as the star, and have it extend outside of the housing (maybe bent along the outside), a few cm long.
Or use it to mount the whole light to the bike.
When the heatsinking metal You use now does not get warm, it is else much to small, or Your dynamo still has power restriction inside (= antiparallel Z-Diodes). To try that, disconnect any wire from dynamo and hook a voltmeter to it (AC). If the "no-load" Voltage does not get over 7.5V, You have to get rid of the Diodes before the MC-E works fine. (Value shown should be in the 20 Volts)
I can type this, because I have a very quick and easy mod with cheap bike headlights done often. It uses a Lux V (which I still have for that) that is mounted on ~0.5" Alu-stick that is about finger-long and extends at the back end of the plastic housing. After a few mins of riding, when toched there You can almost burn Your finger.
And this Lux V should run way cooler, as it basically is just half of Your setup
(my setup is a triple cree light)